Investors Notified of Class Action Lawsuit Deadline Against Red Cat Holdings, Inc. by Kahn Swick & Foti, LLC

Overview

In a reminder that reverberates across the investment community, Kahn Swick & Foti, LLC (KSF), spearheaded by former Louisiana Attorney General Charles C. Foti, Jr., has issued an alert regarding the impending deadline for filing lead plaintiff applications in a class action lawsuit against Red Cat Holdings, Inc. (NASDAQ: RCAT). Investors who have suffered losses exceeding $100,000 due to potential securities law violations during the specified class period—from March 18, 2022, to January 15, 2025—are particularly urged to take swift action.

The Class Action Lawsuit

This lawsuit centers on allegations that Red Cat and certain high-ranking executives failed to disclose critical information related to the company's financial health and business operations during the class period. The United States District Court for the District of New Jersey is currently handling this case, identified as Olsen v. Red Cat Holdings, Inc., No. 25-cv-05427.

Reports from Kerrisdale Capital in January 2025 revealed that Red Cat had misrepresented the value of its SRR Contract. They claimed it was worth between $20 million and $25 million, contrary to earlier assertions. Additionally, there were raised concerns regarding misleading statements about the production capabilities at the Salt Lake City facility. The news of these discrepancies significantly impacted Red Cat's stock price, plunging it by $2.35, or 21.54%, down to $8.56 within two trading days following the revelation. Investors who purchased securities within the class period need to file their applications to be part of this claim before July 22, 2025.

What Investors Can Do

Investors affected by this situation are advised to consult with KSF to explore their legal rights. Interested parties can reach out to KSF's Managing Partner, Lewis Kahn, at 1-877-515-1850 or via email to email protected]. Additionally, potential lead plaintiffs must petition the court by the impending deadline to secure their position in this class action. For more information, investors can also visit the website dedicated to this case: [KSF Red Cat Holdings Case.

About Kahn Swick & Foti, LLC

Kahn Swick & Foti, LLC stands out as one of the premier boutique law firms specializing in securities litigation. With a robust history and a dedicated focus on corporate fraud and malfeasance, they advocate for both institutional and retail investors seeking recovery for losses incurred from deceptive practices of publicly traded companies. KSF has garnered significant recognition in the legal community, including being ranked among the top ten firms nationally based on total settlement value by SCAS in the previous year. Their legal services span across several states, including New York, California, Louisiana, and New Jersey, among others, thereby offering wide-reaching support to investors.

Conclusion

As the deadline approaches, investors should remain vigilant and proactive in understanding their rights concerning the Red Cat Holdings case. The emerging details surrounding the company’s disclosures present a compelling narrative for shareholders and could pave the way for meaningful legal recourse. With KSF at the helm, affected investors have a resource at their disposal to navigate this complex legal terrain effectively.